Dow stocks hitting 52-week highs include JPMorgan (JPM) 276.49 (+0.10%) and Walmart (WMT) 104.04 (-0.96%). Dow stock 52-week lows include Merck (MRK) 83.01 (-1.67%).

The Market

Premarket today, the Dow was indicated to be up +38 points.

Friday the Dow closed down -165.35 (-0.37%) at 44,546.08.

Year-to-date the Dow is up +4.71%.

Friday, (10) Dow stocks were up, (1) made 52-week lows, and (2) made 52-week highs.

The Dow stock winners Friday were led by Nvidia (NVDA) 135.29 (+3.16%), Cisco (CSCO) 63.84 (+2.09%) and Apple (AAPL) 241.53 (+1.97%). 16.

The Dow stock losers Friday were led by Merck (MRK) 84.42 (-1.46%), Boeing (BA) 185.44 (-0.43%) and 3M (MMM) 148.72 (-0.10%).

The VIX closed Friday at 15.37 (+1.78%) and the 10 YR at 4.538 (-0.71%). The VIX is currently at 15.53 (+5.15%). The 10YR is at 4.515 (+0.89%).

Layoffs are sweeping D.C. Jobless filings in the nation’s capital surged over the past week as President Donald Trump and Elon Musk’s Department of Government Efficiency advisory board ordered layoffs across the government. Since Trump took office, nearly 4,000 workers in Washington, D.C., have filed for unemployment insurance. The administration also laid off hundreds of employees at the CDC on Saturday and began firing FAA workers on Sunday, just weeks after a fatal midair collision at Washington, D.C.’s Ronald Reagan Washington National Airport. Employees at the Food and Drug Administration were also served notices of their layoffs.

The Dow Jones Industrial Average gained roughly 0.6% last week.

Factory activity improved in the New York region but inflation measures jumped and optimism dimmed, according to a New York Federal Reserve survey. The Empire State Manufacturing Index for February climbed to 5.7, up 18 points and back into expansion territory. Economists surveyed by Dow Jones had been expecting a -1 reading for the index, which gauges the percentage difference between companies seeing expansion against contraction. Shipments, unfilled orders and inventories all posted gains. However, some of the underlying gauges painted a different picture. The prices paid index jumped to 40.2, an 11.1-poiint increase to its highest level in nearly two years, while prices increased surged to 19.6, up 10.3 points. Also, the future expectations index tumbled 15 points to 22.2 and the employment index fell 4.8 points to -3.6 amid a potential trade war from tariffs. New orders also cascaded 16.4 points lower, though were still positive at 17.8.

On Wednesday we get the Federal Reserve meeting minutes. Fed Chair Jerome Powell has said repeatedly that the central bank is in “no hurry” to cut interest rates, but any clarity on the path of monetary policy will be welcomed by investors. Markets were last pricing in roughly one or two quarter-point cuts by the end of the year.

U.S. futures are higher, European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is unchanged at $3.161 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/19/24 after the market close with $0.78, beating estimates for $0.63 per share.

JPMorgan (JPM) reported earnings on 1/15/25 before the market open with $4.81, beating estimates for $4.025 per share.

Goldman Sachs (GS) reported earnings on 1/15/25 before the market open with $7.99 per share.

UnitedHealth (UNH) reported earnings on 1/16/25 before the market open with $6.81, beating estimates for $6.708 per share.

3M (MMM) reported earnings on 1/21/25 before the market open with $1.68, beating estimates for $1.661 per share.

Johnson & Johnson (JNJ) reports earnings on 1/22/25 before the market open with $2.04, beating estimates for $2.003 per share.

Procter & Gamble (PG) reports earnings on 1/22/25 before the market open with $1.88, beating estimates for $1.863 per share.

Travelers (TRV) reported earnings on 1/22/25 before the market open with $9.15, beating estimates for $6.562 per share.

American Express (AXP) reported earnings on 1/24/25 before the market open with $3.04, beating estimates for $3.029 per share.

Verizon (VZ) reported earnings on 1/24/25 before the market open with $1.10, beating estimates for $1.094 per share.

Boeing (BA) reported earnings on 1/28/25 before the market open with -$5.90, missing estimates for -$3.221 per share.

IBM (IBM) reported earnings on 1/29/25 after the market close with $3.90, beating estimates for $3.728 per share.

Microsoft (MSFT) reported earnings on 1/29/25 after the market close with $3.23, beating estimates for $3.11 per share.

Caterpillar (CAT) reported earnings on 1/30/25 before the market open with $5.14, beating estimates for $4.967 per share.

Visa (V) reported earnings on 1/30/25 after the market close with $2.75, beating estimates for $2.659 per share.

Sherwin Williams (SHW) reported earnings on 1/30/25 before the market open with $2.09, beating estimates for $2.069 per share.

Apple (AAPL) reported earnings on 1/30/25 after the market close with $2.40, beating estimates for $2.355 per share.

Chevron (CVX) reported earnings on 1/31/25 before the market open with $2.06, missing estimates for $2.191 per share.

Merck (MRK) reported earnings on 2/4/25 before the market open with $1.72, beating estimates for $1.694 per share.

Amgen (AMGN) reported earnings on 2/4/25 after the market close with $5.31, beating estimates for $5.029 per share.

Disney (DIS) reported earnings on 2/5/25 before the market open with $1.76, beating estimates for $1.437 per share.

Honeywell (HON) reported earnings on 2/6/25 before the market open with $2.47, beating estimates for $2.314 per share.

Amazon (AMZN) reported earnings on 2/6/25 after the market close with $1.86, beating estimates for $1.518 per share.

McDonald’s (MCD) reported earnings on 2/10/25 before the market open with $2.83, matching estimates for $2.835 per share.

Coca Cola (KO) reported earnings on 2/11/25 before the market open with $0.55, matching estimates for $0.514 per share.

Cisco (CSCO) reported earnings on 2/12/25 after the market close with $0.94, beating estimates for $0.741 per share.

Walmart (WMT) reports earnings on 2/20/25 before the market open.

Home Depot (HD) reports earnings on 2/25/25 before the market open.

Nvidia (NVDA) reports earnings on 2/26/25 after the market close.

Salesforce (CRM) reports earnings on 2/26/25 after the market close.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) 308.55 (-0.47%) is up +6.44% in 2025.

Financial Calendar

10:00 AM ET NAHB Housing Market Index (Feb), 46, 47
10:20 AM ET FOMC Member Daly Speaks
11:30 AM ET 3-Month Bill Auction, 4.225%
11:30 AM ET 6-Month Bill Auction, 4.185%
13:00 PM ET 52-Week Bill Auction, 4.025%
13:00 PM ET Fed Vice Chair for Supervision Barr Speaks
16:00 PM ET US Foreign Buying, T-bonds (Dec), -15.80B
16:00 PM ET Overall Net Capital Flow (Dec), 159.90B
16:00 PM ET TIC Net Long-Term Transactions (Dec), 149.1B, 79.0B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Dec), 79.00B